Bank of England boss Mark Carney blasted for claim Brexit costs the UK £10bn a year

Jacob Rees Mogg said every prediction he has made has been proved ‘humiliatingly wrong and politically motivated’

By Alain Tolhurst

25th January 2018, 1:18 pm

Updated: 25th January 2018, 2:09 pm

THE BANK of England boss Mark Carney has been blasted for claiming Brexit costs the UK £10billion a year.

The governor said quitting the EU is causing £200 million a week in growth to be lost in his latest economic pronouncement on our vote to Leave.

Reuters

Mark Carney has been blasted for claiming Brexit costs the UK £10bn a year

But leading Brexiteer Jacob Rees Mogg said every prediction he has made so far has been proved “humiliatingly wrong and politically motivated”.

Mr Carney was speaking at a breakfast with business leaders in Davos when he was asked what the “delta” - a ratio between actual and potential growth - of Brexit was.

Despite the Bank of England repeatedly failing to put a figure on what Brexit would mean for the economy, its most senior figure had no such qualms.

The guest requested he measure it in “Brexit buses”, a reference to the Out campaign’s claim on their battle bus that leaving would bring back £350million in budget contributions to Brussels.

Reuters

Leading Brexiteer Jacob Rees Mogg said every prediction he has made so far has been proved 'humiliatingly wrong and politically motivated'

A number of business figures told The Times that Mr Carney did some quick mental arithmetic and said the missed opportunity was about £200million a week.

But he was rubbished by Mr Rees-Mogg, who has previously called for him to stand down over his gloomy predictions about a post-Brexit Britain.

He told The Sun: “Every forecast on Brexit made by the Bank of England and especially the Governor has been humiliatingly wrong and politically motivated.”

Mr Carney was seen as a key part of the so-called “Project Fear” campaign to try to keep Britain in the EU, with stark warnings about life outside the bloc, alongside the-then Prime Minister David Cameron.